11TH INTERNATIONAL UZBEK COTTON FAIR

Contracts for the supply of 700 thousand tons of cotton and textile exports for $800 million signed

In the period of October 15-16 Tashkent hosted the XI international Uzbek cotton and textile fair.

The event once again gathered the leading participants of the world cotton and textile market. This year it was attended by over 1,000 representatives of firms and companies from 40 countries of the world.

During the two days, Uzbekistan as one of the most important participants of international cotton market provided an opportunity for representatives of the cotton industry, textile companies and trading agents not only to meet and discuss forecasts and trends of the world cotton market, available favorable conditions for attracting foreign investment in the development of the textile industry of Uzbekistan, but also to participate in fair and exchange trades, to sign direct trade contracts for the supply of cotton fiber and textile products.

In general, following the results of the XI International Uzbek cotton and textile fair, a number of contracts and agreements, including for supply of 700 thousand tons of Uzbek cotton and exports of textile products worth over $800 million were signed.

Thus, the international Uzbek cotton and textile fair has given a new impetus to the further development of market mechanisms of cotton fiber, improvement of economic relations between Uzbek producers and buyers and has become one of the most important and significant events of world cotton community this year.